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 Income Tax Addition Made Towards Unsubstantiated Share Capital Is Eligible For Section 80-IC Deduction: Delhi High Court

Jindal Steel & Power Ltd. Jindal Centre, 12, Bhikaji Cama Place, New Delhi. vs. ACIT Circle 1(1) Gurgaon
January, 11th 2019
         IN THE INCOME TAX APPELLATE TRIBUNAL
              DELHI BENCH: `I-2' NEW DELHI

     BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER
                           &
      SHRI PRASHANT MAHARISHI, ACCOUNTANT MEMBER

              Stay Application No. 865/Del/2018
                    (ITA No. 6674/Del/2017)
                  (Assessment Year: 2012-13)

Jindal Steel & Power Ltd.                      vs     ACIT
Jindal Centre, 12, Bhikaji Cama Place,                Circle 1(1)
New Delhi.                                            Gurgaon
AAACJ7097D
APPELLANT                                             RESPONDENT

        Assessee by         Sh. Salil Kapoor, Adv.
        Revenue by          Ms. Nimita Pandey, Sr. DR

               Date of Hearing           11.01.2019
            Date of Pronouncement        11.01.2019

                              ORDER

PER SHRI BHAVNESH SAINI, J.M.
    We have heard Ld. Representatives of both the parties. This
application is for extension of the stay lastly granted on
01/06/2018.   On perusal of the record, we find that delay in
disposal of the appeal is not attributable to the assessee.
Accordingly, the stay against outstanding demand is further
extended for a period of six months or disposal of the appeal,
whichever may expire earlier, subject to the same terms.      Stay
                                2
                                        Stay Application No. 865/Del/2018








application is allowed. Copy of the order be provided to both the
parties.

Order pronounced in the open court.

          Sd/-                              Sd/-
  (PRASHANT MAHARISHI)                (BHAVNESH SAINI)
   ACCOUNTANT MEMBER                  JUDICIAL MEMBER
Dated: 11.01.2019
*Kavita Arora

Copy forwarded to:
1.  Appellant
2.  Respondent
3.  CIT
4.  CIT(Appeals)
5.  DR: ITAT
                     TRUE COPY

                                      ASSISTANT REGISTRAR
                                           ITAT NEW DELHI
                                              3
                                                         Stay Application No. 865/Del/2018









Date of dictation                                                    11.01.19
Date on which the typed draft is placed before the dictating         11.01.19
Member
Date on which the typed draft is placed before the Other Member
Date on which the approved draft comes to the Sr. PS/PS              11/01
Date on which the fair order is placed before the Dictating Member   11/01
for pronouncement
Date on which the fair order comes back to the Sr. PS/PS             11/01
Date on which the final order is uploaded on the website of ITAT     11/01
Date on which the file goes to the Bench Clerk                       11/01
Date on which the file goes to the Head Clerk
The date on which the file goes to the Assistant Registrar for
signature on the order
Date of dispatch of the Order

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